Business Context and Reporting Period
This Form 8-K Current Report was filed by Donaldson Company, Inc. on November 21, 2008. The filing discloses a corporate action regarding the company's common stock cash dividend.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data points disclosed are:
- Dividend Increase: The Board of Directors increased the quarterly cash dividend to $0.115 per share.
- Payment Date: December 19, 2008.
- Record Date: December 5, 2008.
- Shares Outstanding: Approximately 76,900,000 shares as of October 31, 2008.
Material Changes
The primary material change reported is the increase in the quarterly cash dividend. This declaration marks the 213th consecutive quarterly cash dividend paid by the company over a 53-year period.
Guidance, Outlook, and Risks
The filing text does not provide forward-looking guidance, management commentary on future operations, specific risk factors, or contingencies beyond the dividend announcement. The report references a press release (Exhibit 99.1) for further discussion of these matters.
Investor Verification Checklist
- Verify the exact dividend amount of $0.115 per share and the payment schedule.
- Confirm the number of shares outstanding (approx. 76.9 million) to calculate total dividend payout obligations.
- Review the referenced Press Release (Exhibit 99.1) for any additional context regarding the dividend increase amidst the 2008 economic environment.
- Check subsequent filings for confirmation of the dividend payment on December 19, 2008.